WholesaleInvestor

15 April 2010

Liquidators move in at defunct AdType Colour

Source: proprint.com.au

An outstanding debt has pushed defunct Sydney pre-press specialist AdType Colour to formally enter liquidation, after beginning to wind down more than a year ago.

Managing director Paul Middleton, who now runs a digital printing company on the same site, started winding down the company in March last year.

Middleton said he has been slowly paying off AdType's debts out of his own pocket.

He told ProPrint he sold his house to pay off debts in the vicinity of $110,000. Middleton said he began winding down after the company suffered from "a lot of bad debts". This wind-down was completed in August 2009.

"AdType was making plates for printers, and that's where it fell over," he said. "A lot of printers went into administration, and we struck a lot of debts."

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